The early estimate for Q3 GDP growth put out by the Atlanta Fed's GDPNow model is at +3.7% and will be updated after tomorrow's jobs report: "GDP
U.S. Frackers Surprise Themselves… Reuters
Tech improvements are helping producers add barrels, from Reuters: "The pace of innovation is increasing. Pioneer Natural Resources said it was
Oil rebalancing taking longer than expected… WSJ
From today's WSJ: "Still, the rebalancing of the oil market is taking longer than expected due to a confluence of factors. Rising production from the
WTI implied vol update…
Implied volatility, as would be expected, moved higher as oil prices moved lower to settle close to 43%... Yesterday's volume of around 245,000 was a
The U.S. Economic Outlook… Dudley
NY Fed President, William Dudley's excellent talk on the U.S.economic outlook and monetary policy is
Escape velocity for global growth?…FT
Gavyn Davies, FT, suggests that global growth may be picking up: "The latest Fulcrum nowcasts for global economic activity have identified a broad
Libya to export more… WSJ
From today's Wall Street Journal: "Overall, the National Oil Co. said nationwide oil production could increase by 150,000 barrels a day, from about
No Where to Hide… Bloomberg
Bloomberg reports on major oil company woes: "Welcome to year two of a supply overhang so persistent it’s upsetting industry expectations that the
Atlanta Fed Was Closer to the Mark… Bloomberg
In our blog, we have been tracking the Atlanta Fed's GDPNow which updates current quarter GDP estimates after various economic releases... Here is